tech
Microsoft tops estimates as Azure passes $100 billion annually
The software giant beat Wall Street expectations as its cloud business crossed a key milestone.
TL;DR
- Microsoft's quarterly revenue and earnings exceeded Wall Street expectations.
- Annual Azure revenue has surpassed $100 billion.
- Cloud revenue grew 27% year-over-year to $59.3 billion.
- Microsoft reported earnings of $35.8 billion, or $4.81 per share, on revenue of $90 billion.
- A $3.2 billion gain from its stake in Anthropic boosted per-share earnings.
- Revenue from Windows and devices dropped 7%, while Xbox services and content revenue was down 10%.
- Microsoft forecasts revenue of $89.85 billion to $90.95 for the current quarter.
- The company expects double-digit revenue and operating income growth for the coming fiscal year.